Fortum divests its shareholding in AS Eesti Gaas

Fortum has agreed to sell its 51.4%-shareholding in the Estonian natural gas

import, sales and distribution company AS Eesti Gaas to Trilini Energy OÜ. The

transaction is subject to the necessary regulatory approvals and customary

closing conditions. Fortum expects to finalise the transaction during the first

half of 2016. The parties have agreed not to disclose the sales price and the

transaction's expected positive impact on Fortum's first half 2016 results is

small.



Fortum announced on 1 July 2014 that it plans to divest its Estonian gas

holdings. Shareholding in the gas transmission holding company AS Võrguteenus

Valdus was sold already in 2015 and after this transaction, Fortum has no more

gas holdings in Estonia.





Fortum Corporation

Corporate Communications



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Fortum

Fortum's vision is to be the forerunner in clean energy. We provide our

customers with electricity, heat and cooling as well as other energy solutions

that improve present and future life. Already 64% of our electricity generation

is CO2 free. Our main markets are the Nordic and the Baltic countries, Russia,

Poland and India. In 2015, we employed some 8,000 energy sector professionals,

and our sales were EUR 3.5 billion. Fortum's share is listed on Nasdaq

Helsinki. www.fortum.com